Understanding Secured Loans

Secured loans are an effective financing option for businesses looking to leverage their assets to secure capital. At Owens Capital, we offer flexible secured loan terms designed to meet your specific financial needs while providing stability and favorable rates. Here are the key aspects of our secured loans terms:

1. Collateral Requirements:

  • Secured loans require collateral, such as business assets (equipment, inventory, real estate) or accounts receivable. Collateral serves as security for the loan, reducing risk for the lender and potentially allowing for higher loan amounts and lower interest rates.

2. Loan Amounts:

  • We provide secured loans with competitive loan amounts based on the appraised value of your collateral and your business's financial strength. Whether you need funding for small projects or significant investments, our secured loans can accommodate various financing needs.

3. Interest Rates:

  • Interest rates on secured loans may be fixed or variable, depending on market conditions and your preference. Fixed rates offer predictability with consistent monthly payments, while variable rates may initially be lower and adjust based on economic factors.

4. Loan Term:

  • Our secured loans feature flexible repayment terms typically ranging from short-term to medium-term durations, up to 5 to 10 years. The loan term is structured to align with your business's cash flow and repayment ability, ensuring manageable payments.

5. Use of Funds:

  • Secured loans can be used for diverse business purposes, including:

    • Business Expansion: Funding for growth initiatives, acquiring equipment, or expanding operations.

    • Working Capital: Managing cash flow fluctuations, covering operational expenses, or seizing growth opportunities.

    • Debt Consolidation: Streamlining existing debts into a single manageable loan with potential cost savings and simplified repayment terms.

6. Repayment Schedule:

  • Repayments are scheduled based on the loan term and agreed-upon repayment schedule. You can choose monthly, quarterly, or semi-annual payments, tailored to your business's financial strategy and operational needs.

7. Eligibility and Approval Process:

  • Our secured loan application process is straightforward, with quick approval decisions based on collateral value, credit history, business financials, and repayment ability. We work closely with you to understand your financing needs and provide personalized solutions.

8. Renewal and Extension:

  • Secured loans may be renewable or extendable based on your business's performance and repayment history. Renewal options allow continued access to capital for ongoing business needs or additional investment opportunities.

Get Started Today

Ready to explore secured loan options tailored to your business's needs? Contact us today to discuss your financing requirements and discover how our secured loan terms can provide the capital you need with favorable terms and competitive rates.